Redevelopment at
Sarasota Housing Authority

Sarasota's distressed public housing is finally being revitalized. Sarasota Housing Authority has partnered with Michael's Development Company to redevelop our four family sites in Newtown.

Phase 1 of the redevelopment began at Janie Poe in April 2008, as funding has been secured, residents have been relocated and demolition has commenced.

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The SHA Newtown Redevelopment Plan will:

• Provide more than 850 new housing units;
• Provide over 550 units of affordable housing for Sarasota;
• Provide a true mix of incomes as one-third will be public housing, one-third will be Low-Income Housing Tax Credit units, and the remaining third will be market rate;
• Provide a mix of rental and homeownership;
• Infuse over $112 million into the local economy for just the rental phases of the overall project;
• Provide for hundreds of construction jobs for a period of 8-10 years;
• Give a tremendous boost to Newtown's overall redevelopment plan;